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    New Regulation Regarding the Electronic Sales Procedure of Seized Properties
    2022-03-23

    The expected regulation was published in the Official Gazette no. 31772 on March 8, 2022, and entered into force on the same date with the title “Regulation on the Procedure of Electronic Sales Pursuant to the Bankruptcy and Enforcement Code” [the “Regulation”].

    Filed under:
    Turkey, Insolvency & Restructuring, Internet & Social Media, Projects & Procurement, Güleryüz Partners
    Authors:
    Barış Ülker , Vedat Aydın Gündüz
    Location:
    Turkey
    Firm:
    Güleryüz Partners
    Mal, Hak veya Alacağın Ulusal Yargı Ağı Bilişim Sistemi Üzerinden Sorgulanması Hakkında Yönetmelik Yayımlandı
    2022-03-11

    Mal, Hak veya Alacağın Ulusal Yargı Ağı Bilişim Sistemi Üzerinden Sorgulanması Hakkında Yönetmelik (“Yönetmelik”) 22 Ocak 2022 tarihli ve 31727 sayılı Resmî Gazete’de yayımlanarak aynı gün yürürlüğe girdi. Yönetmelik ile icra takiplerinin alacaklıları tarafından Ulusal Yargı Ağı Bilişim Sistemi (“UYAP”) üzerinden borçluların mal, hak ve alacaklarına yönelik sorgulama yapılması bakımından uygulanacak usul ve esaslara açıklık getirildi.

    Filed under:
    Turkey, Company & Commercial, Insolvency & Restructuring, Moroğlu Arseven
    Authors:
    Burak Baydar , Fulya Kurar
    Location:
    Turkey
    Firm:
    Moroğlu Arseven
    The Regulation on Assets, Rights or Receivables Inquiry through the National Judiciary Informatics System has been Published
    2022-03-11

    The Regulation on Assets, Rights or Receivables Inquiry through the National Judiciary Informatics System (“Regulation”) was published in Official Gazette dated 22 January 2022 and numbered 31727 and entered into effect on the same day. With the Regulation, procedures and principles applicable to inquiries on assets, rights, and receivables of the debtors through the National Judiciary Informatics System (“UYAP”) by the creditors within the scope of the execution proceedings are clarified.

    Filed under:
    Turkey, Company & Commercial, Insolvency & Restructuring, Moroğlu Arseven
    Authors:
    Burak Baydar , Fulya Kurar
    Location:
    Turkey
    Firm:
    Moroğlu Arseven
    New Regulation in Turkey Regarding the Electronical Inquiry on Assets, Rights and Receivables of Debtors
    2022-02-11

    “Regulation on the Principles of the Asset, Right and Receivable Inquiry on the National Judiciary Informatics System” [“Regulation”] was published in the Official Gazette dated January 22, 2022 and entered into force on the same date.

    Filed under:
    Turkey, Insolvency & Restructuring, Güleryüz Partners
    Authors:
    Tarık Güleryüz , İ. Selin Nacar Öztürk
    Location:
    Turkey
    Firm:
    Güleryüz Partners
    Borçlunun Mal, Hak ve Alacaklarının Elektronik Ortamda Sorgulanmasına İlişkin Esasları Düzenleyen Yönetmelik Resmî Gazete’de Yayımlandı
    2022-02-11

    Ulusal Yargı Ağı Bilişim Sistemi [“UYAP”] üzerinden, bu sisteme entegre bilişim sistemleri vasıtasıyla borçlunun mal, hak veya alacağının sorgulanmasına ilişkin usul ve esasları düzenleyen “Mal, Hak veya Alacağın Ulusal Yargı Ağı Bilişim Sistemi Üzerinden Sorgulanması Hakkında Yönetmelik” [“Yönetmelik”] 22 Ocak 2022 tarihli ve 31727 sayılı Resmî Gazete’de yayımlanarak aynı tarihte yürürlüğe girdi.

    Filed under:
    Turkey, Insolvency & Restructuring, Güleryüz Partners
    Authors:
    Tarık Güleryüz , İ. Selin Nacar Öztürk
    Location:
    Turkey
    Firm:
    Güleryüz Partners
    Precautionary order on the letters of guarantee during concordat
    2022-02-10

    A Turkish court might declare concordat when a debtor, who has, or is threatened to be defaulted on his debts, agrees with its creditors on the restructuring of most of his debts.1 The concordat project governs how, when and to which extent the debt will be repaid. Upon its declaration, the concordat binds all creditors, even the ones that did not consent to it.

    When the court accepts to review the concordat application, the court also provides three-months of provisional stay (geçici mühlet) during which it must take all precautions to protect the debtor’s assets.

    Filed under:
    Turkey, Insolvency & Restructuring, Litigation, Başgül Avukatlık Bürosu
    Location:
    Turkey
    Firm:
    Başgül Avukatlık Bürosu
    30.11.2021 Tarihli Resmî Gazete ile İcra İflas Kanunu ile Bazı Kanunlarda Yapılan Değişiklikler
    2021-12-30

    7343 sayılı İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılması Hakkında Kanun [“Değişiklik Kanunu”] 24.11.2021 tarihinde kabul edilmiş ve 30.11.2021 tarihinde 31675 sayılı Resmî Gazete ’de yayımlanarak yürürlüğe girmiştir. Kanun’la getirilen önemli değişikliklere bu yazımızda değineceğiz.

    I. İcra Başmüdürü Görevlendirilebilecek ve İcra Daireleri Başkanlığı Kurulabilecek

    Filed under:
    Turkey, Company & Commercial, Insolvency & Restructuring, Litigation, Güleryüz Partners
    Authors:
    Dr. Zahide Altunbaş Sancak , İ. Selin Nacar Öztürk
    Location:
    Turkey
    Firm:
    Güleryüz Partners
    Amendments Introduced in the Bankruptcy and Enforcement Code and Other Laws of Turkey as of November 30, 2021
    2021-12-30

    The Code on Amending the Bankruptcy and Enforcement Code and Some Other Laws ["Amendment Law"] No. 7343 was adopted on November 24, 2021 and entered into force after being published in the Official Gazette No. 31675 on November 30, 2021. In this article, we will explain the critical changes brought by the Amendment Law.

    Filed under:
    Turkey, Company & Commercial, Insolvency & Restructuring, Litigation, Güleryüz Partners
    Authors:
    Dr. Zahide Altunbaş Sancak , İ. Selin Nacar Öztürk
    Location:
    Turkey
    Firm:
    Güleryüz Partners
    İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılması Hakkında Kanun Yayımlandı
    2021-12-24

    7343 sayılı İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (“Değişiklik Kanunu”) 30 Kasım 2021 tarihli ve 31675 sayılı Resmî Gazete’de yayımlanarak aynı gün yürürlüğe girdi. Değişiklik Kanunu ile 2004 sayılı İcra ve İflas Kanunu (“İİK”) kapsamında icra müdürlüklerinin organizasyon yapısı ile icranın geri bırakılması, hacizli malların satışı, kıymet takdiri ve ihalesi prosedürleri gibi hususlarda esaslı değişiklikler getirildi.

    Değişiklik Kanunu’nda öne çıkan bazı düzenlemeler aşağıda özetlenmektedir:

    Filed under:
    Turkey, Insolvency & Restructuring, Moroğlu Arseven
    Authors:
    Fulya Kurar , Nejla Aydın Özer
    Location:
    Turkey
    Firm:
    Moroğlu Arseven
    The Law Amending the Enforcement and Bankruptcy Law and Certain Laws is Published
    2021-12-24

    Law numbered 7343 on the Amendments to the Enforcement and Bankruptcy Law and Certain Laws (“Amendment Law”) was published in Official Gazette dated 30 November 2021 and numbered 31675 and entered into effect on the same day. With the Amendment Law, fundamental changes on the organizational structure of execution offices as well as procedures of postponement of execution, and sale, valuation and tender of seized properties were introduced within the scope of Enforcement and Bankruptcy Law numbered 2004 (“EBL”).

    Filed under:
    Turkey, Insolvency & Restructuring, Moroğlu Arseven
    Authors:
    Nejla Aydın Özer , Fulya Kurar
    Location:
    Turkey
    Firm:
    Moroğlu Arseven

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